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Monday, March 31, 2014

Grain Stocks: Corn Stocks Up 30% From a Year Ago

Corn Stocks Up 30 Percent from March 2013 Soybean Stocks Down 1 Percent All Wheat Stocks Down 15 Percent

Corn stocks in all positions on March 1, 2014 totaled 7.01 billion bushels, up 30 percent from March 1, 2013. Of the total stocks, 3.86 billion bushels are stored on farms, up 45 percent from a year earlier. Off-farm stocks, at 3.15 billion bushels, are up 15 percent from a year ago. The December 2013 - February 2014 indicated disappearance is 3.45 billion bushels, compared with 2.63 billion bushels during the same period last year.

Soybeans stored in all positions on March 1, 2014 totaled 992 million bushels, down 1 percent from March 1, 2013. Soybean stocks stored on farms are estimated at 382 million bushels, down 16 percent from a year ago. Off-farm stocks, at 610 million bushels, are up 13 percent from last March. Indicated disappearance for the December 2013 - February 2014 quarter totaled 1.16 billion bushels, up 20 percent from the same period a year earlier.

All wheat stored in all positions on March 1, 2014 totaled 1.06 billion bushels, down 15 percent from a year ago. On-farm stocks are estimated at 238 million bushels, up slightly from last March. Off-farm stocks, at 818 million bushels, are down 18 percent from a year ago. The December 2013 - February 2014 indicated disappearance is 419 million bushels, down 4 percent from the same period a year earlier.

Durum wheat stocks in all positions on March 1, 2014 totaled 38.1 million bushels, down 10 percent from a year ago. On-farm stocks, at 20.7 million bushels, are down 3 percent from March 1, 2013. Off-farm stocks totaled 17.4 million bushels, down 17 percent from a year ago. The December 2013 - February 2014 indicated disappearance of 15.8 million bushels is down 14 percent from the same period a year earlier.

Barley stocks in all positions on March 1, 2014 totaled 122 million bushels, up 4 percent from March 1, 2013. On-farm stocks are estimated at 43.8 million bushels, 25 percent above a year ago. Off-farm stocks, at 77.7 million bushels, are 5 percent below March 2013. The December 2013 - February 2014 indicated disappearance totaled 47.9 million bushels, 17 percent above the same period a year earlier.

Oats stored in all positions on March 1, 2014 totaled 35.1 million bushels, 33 percent below the stocks on March 1, 2013. Of the total stocks on hand, 19.8 million bushels are stored on farms, up 5 percent from a year ago. Off-farm stocks totaled 15.3 million bushels, down 55 percent from the previous year. Indicated disappearance during December 2013 - February 2014 totaled 12.9 million bushels, down 37 percent from the same period a year ago.

Grain sorghum stored in all positions on March 1, 2014 totaled 173 million bushels, up 88 percent from a year ago. On-farm stocks, at 16.0 million bushels, are up 47 percent from last March. Off-farm stocks, at 157 million bushels, are up 94 percent from a year earlier. The December 2013 - February 2014 indicated disappearance from all positions is 58.9 million bushels, up 22 percent from the same period last year.

Sunflower stocks in all positions on March 1, 2014 totaled 806 million pounds, down 33 percent from March 1, 2013. All stocks stored on farms totaled 305 million pounds and off-farm stocks totaled 501 million pounds. Stocks of oil type sunflower seed are 612 million pounds; of this total, 237 million pounds are on-farm stocks and 374 million pounds are off-farm stocks. Non-oil sunflower stocks totaled 194 million pounds, with 67.2 million pounds stored on the farm and 127 million pounds stored off the farm.